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Jul 14, 2011
07/11
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competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors believe that will ultimately be repaid. >> it is not just about creating new rating agencies, rising economies are also calling for the establishment of independent agencies in their own countries. and there are calls for 80-20 agency as well. they point to the example of italy this week but came under attack by financial markets. the country is the third largest economy in europe. the borrowing rates are a white- collar form of strongarm robbery. a specially as rome is considering more cuts. >> other crisis, at this time is italy's finances in trouble. national that is almost 120% of gdp. twice the amount allowed. the h
competition. >> the problem have right now is the regulatory framework lead to the dominance of the big three. that market has to be opened up, or there can't be any competition. >> assessing government that is big business. the experts cast out to set up a european ratings agency as a counterweight to commercial agencies. >> with you think about a state run ratings agency issuing national ratings, it is hard to see those ratings as credible. >> whether or not investors...
204
204
Jul 16, 2011
07/11
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KCSM
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. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a friday and posted their biggest weekly loss in four months. the german benchmark index closed in positive territory. across the atlantic, the dow jones industrial managed to close the day in positive territory. the euro is trading with $1 at $1.46. barack obama has warned that time is running out on raising the a limit the -- raising the limit on the amount of debt the u.s. can have. a decision is needed to avoid a possible default in early august. billy could mean a rise in interest rates in- -- failure could mean a rise in interest rates. more news with brian thomas. >> western a
. >> there are so many big problems, especially in my age group. we have to rethink the entire system. >> with this austerity program, when is our economy going to grow again? this economy will never grow again. >> some economists say the measures will dampen growth. something had to be done. it today's overall debt is among the highest in europe. markets will keep a close eye on the country until the austerity measures start showing results. >> european stocks slid on a...
138
138
Jul 19, 2011
07/11
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KRCB
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>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost the first big resignation in the states over the weekend. do people believe the murdoch empire is in danger? >> well, people talk about it. if news corp. may be split up into different pieces or separate pieces, if that is going to happen. it is too early to call, but it is a possibility, so a lot of uncertainties surrounding news corp. and also what might be on the legal side in the united states. there are stories that maybe the u.s. had families of the 9/11 victims hacked into. since the scandal broke, the stock is down roughly by
>> that is a big question. in the end, probably both, but what i hear is that the euro zone debt might have even bigger problems than the united states. if you look at the currency market, the dollar is trading higher in comparison to the euro, and this relative dollar's strength is hurting energy prices. oil is down by a good $2 per barrel. the dow jones industrial average, this is trading lower. >> looking at one company in particular, news corp. shares have fallen. and all cost...
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185
Jul 20, 2011
07/11
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KRCB
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. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never tried before, and it is wishing europe bloc -- he said it is an extraordinary attempts, such that nations have never tried before, and he is pushing europe luck. >> some clouds on the horizon. a closely watched survey said dennis analysts and institutional investors are in anticipating a weaker performance in the months to come -- a closely watched survey said analysts and institutional investors are anticipating a weaker performance in the months to come. use 9 last month. reflecting concern that the debt crisis, could spread to italy. however, the drop in german expectations may not translate t
. >> angela merkel warned that people should not be expecting one big, spectacular solution. this is a long, ongoing process. it is a matter of small steps. we have to make sure that greece becomes competitive again, that it gets its debt down, and that will not be achieved with one big, spectacular step. president medvedev also had some words to say on the euro. he says he is cautiously optimistic that it will pull through. he says it is an extortion attempt, said nations have never...